Tue, 08 Oct 2019 | BUSINESS SALE
Wythenshawe-based Liqui-Box Corporation has been successfully acquired by Ilkeston-headquartered Peak Packaging in a bid to address competition issues and gain customers in the UK.
Founded in 1992, Peak Packaging supports companies in the dairy, food, cosmetics, and biochemical industries by manufacturing and providing 1,000 litre liquid liners for the storage and transportation of liquid products.
The business has a presence in the English and Polish markets, and has invested in both its manufacturing sites in the past five years.
Liqui-Box entered into an agreement with the UK Competitions and Markets Authority (CMA) to facilitate its own takeover of DS Smith PLC’s plastic packaging division.
Robert Wheatley, the owner and chief executive of Peak Packaging, said: "The acquisition provides a fantastic opportunity for Peak Packaging to expand our well-established business manufacturing liquid liners and fitments.
"We will be working hard over the coming weeks and months to ensure a smooth transition of the customers and look forward to offering a wider product range going forward."
Adding to this, the chief executive of Liqui-Box, Ken Swanson, said: "We are happy to now have clearance in the UK and move one step closer to completing the acquisition of the DS Smith Plastic Division.
"Our team is prepared for a seamless hand off to Peak Packaging for customers in the UK and anticipate no service disruption for those outside of the UK."
Kirkland & Ellis International LLP advised Liqui-Box during the acquisition process, whilst Flint Bishop LLP and Gibson, Dunn & Crutcher LLP advised Peak Packaging.
Partners at Dains LLP provided financial due diligence services to support Peak during the acquisition.
This well-established vehicle refinishing and repair business in West Sussex boasts over 20 years of industry expertise, a diverse service offering, and a loyal client base, making it a trusted partner for insurance firms and fleet operators.
This well-established business in the North West excels in providing high-quality uPVC and aluminium products, serving a diverse client base with both end-to-end installations and repair services.
This opportunity highlights a prominent provider of bespoke training solutions for the public sector and civil service, renowned for its expert-led courses and strong international client base. The company offers acquirers a chance to enter niche mar...
04
|
Jul
|
East Midlands furniture manufacturer ceases trading | ADMINISTRATION
Andrew Paul Furniture Limited, a major furniture manufacture...
04
|
Jul
|
Yorkshire law company Ison Harrison merges with Skipton firm | MERGER
Ison Harrison, an employee owned law firm based in Yorkshire...
04
|
Jul
|
£37m-turnover pet food firm falls into administration | ADMINISTRATION
Kennelpak Limited, a private equity-backed pet products comp...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.